The lira has lost some 30 percent of its value against the dollar this year, sending inflation to its highest in 15 years and hitting economic growth, which slowed sharply to 1.6 percent in the third quarter.

The latest data pointed to a deepening of the slowdown in the fourth quarter, coming a day after data showed industrial output dropped 5.7 percent in October.

Retail sales volume in October fell 2.6 percent from the previous month, according to figures which are seasonal and calendar adjusted and calculated with constant prices.

In September, sales volume had fallen 3.4 percent from a year earlier. The data is seen as an indicator of consumer confidence and household demand. (Reporting by Daren Butler Editing by Ece Toksabay)